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CN Bitget Exchange is the only fast-growing cryptocurrency exchange in the bear market of 2023, thanks to its convenient and fast trading platform, hot promotions and a wide range of cryptocurrency trading options. Whether you want to try copy trading or find a cryptocurrency exchange with no obvious shortcomings and can buy popular altcoins, Bitget is your best choice.
目录表
Introduction to Bitget Exchange
| advantage | Established | Exchange Name | Trading Currency | Website Language |
|
July 2018 | Bitget | 53 types | Traditional/Simplified ChineseEnglish |
Bitget Exchange was established in 2018 and is headquartered in Singapore. The exchange features social copy trading, where investors can easily get started and invest in cryptocurrencies by copying traders and KOLs.
In CoinMarketCap's spot trading rating, Bitget Exchange ranked 18th in the global exchange rating ranking (up 4 places from August 2022), with 5.5 million daily active users and daily derivative trading volume of US$5.1 billion. Its trading volume is second only to mainstream exchanges such as Binance, Bybit and OKX.
Currently, Bitget Exchange has been deployed in more than 100 countries around the world. According to official data, Bitget has more than 8 million users worldwide. Compared with the total number of users mentioned in the official website information in mid-2022, it has increased by more than 4 times.
In addition to the significant growth in the number of users in the bear market in 2022, indicating investors' trust in the Bitget Exchange, we can also interpret its security from the licenses obtained by Bitget: The Bitget Exchange has legal financial licenses in four countries, including the MSB license in the United States, the MSB license in Canada, the DCE license in Australia, and the digital currency payment service exemption in Singapore.
In general, Bitget Exchange is recognized by licenses issued by major countries (such as the United States, Canada, and Australia) as well as Singapore, which has won a leading position among many exchanges. These regulations also verify the security of Bitget Exchange.
In addition, Bitget Exchange is also actively expanding its partnerships, hoping to get more people involved in cryptocurrencies through cooperation in the fields of sports and e-sports. Well-known figures in the cooperation include Argentine legendary football player Messi, Italian football team Juventus, the official e-sports crypto partner of PGL Major, and e-sports organization Team Spirit.
Bitget has taken a number of measures to ensure security and user asset protection
First of all, on the technical level, Bitget adopts common server and user information security protection measures.
Secondly, Bitget has set up an investor protection fund of about $300 million and has made its wallet address public. In the event of a security incident, such as a theft, the fund will be used to compensate users for their losses. In addition, Bitget's PoR (Proof of Reserves) reserve ratio is the highest in the industry, stabilizing at around 240% to ensure that user assets will not be misappropriated by the platform.
Bitget KYC Standards
Bitget Exchange does not require users to complete KYC (Know Your Customer) standards, nor does it require KYC to withdraw money and trade. Users who have not completed KYC have a daily withdrawal limit of 50,000 USDT and a monthly withdrawal limit of 100,000 USDT, which can meet the trading needs of some users. If users need a higher daily withdrawal limit, they can refer to the relevant information provided.
Bitget Information Security Incident History Record
So far, there has been no record of theft on Bitget Exchange. At the same time, Bitget has an investor protection fund of about US$300 million and has made its wallet address public. In the event of a security incident such as theft, the fund will be used to compensate users for their losses.
Bitget transaction fee calculation
Bitget deposit fee
- Bitget Exchange provides the following regulations regarding deposit fees:
- For virtual currency deposits, the handling fee is 0.
- For fiat currency deposits, Bitget's P2P platform supports deposits in Taiwan dollars, Hong Kong dollars and RMB, with a handling fee of 0.
- If users choose to purchase virtual currency using a credit card, Bitget supports Visa and Mastercard channels, and the specific rates will be adjusted depending on the card swiping channel and currency.
Bitget Withdrawal Fee
- Bitcoin/BTC: The withdrawal fee is 0.0005 BTC, and the minimum withdrawal amount is 0.008 BTC.
- Ethereum/ETH: The withdrawal fee is 0.001 ETH, and the minimum withdrawal amount is 0.00108 ETH.
- Tether/TetherUS/USDT: The withdrawal fee is 1 USDT, and the minimum withdrawal amount is 1 USDT.
- Dogecoin/DOGE: The withdrawal fee is 4 DOGE, and the minimum withdrawal amount is 40 DOGE.
- Terra/LUNA: The withdrawal fee is 0.1 LUNA, and the minimum withdrawal amount is 3 LUNA.
Bitget Exchange Deposit and Withdrawal
Bitget Exchange provides a variety of deposit and withdrawal options to facilitate users' fund operations. By supporting more than 40 different fiat currencies, users can easily purchase multiple cryptocurrencies without paying exchange fees.
Bitget has partnered with companies like Simplex, Banxa, and Mercuryo to allow users to purchase over 250 different coins and tokens using credit/debit cards, Apple Pay, and Google Pay.
Additionally, Bitget offers a P2P marketplace for buying and selling cryptocurrencies and provides alternative payment options including TransferWise, Adv Cash, Cashapp, Zelle, Neteller, Skrill, Uphold, and bank transfers.
Bitget Exchange supports over 53 cryptocurrencies, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- PolygonMATIC
- ChainLink (LINK)
- EOS (EOS)
- TRON (TRX)
Bitget Token (BGB)
Bitget Token (BGB) is the native utility token of Bitget Exchange. As an ERC20 token, BGB has multiple uses, including reducing transaction fees, staking to earn an annual interest rate of 6%, enabling social trading, etc. Here are some uses of BGB token:
- Fee deduction: Enjoy a discount on transaction fees from 15% to 20%.
- Contract margin: BGB tokens can be used as margin in contract transactions.
- Trade to Earn Program Reward Tokens.
- Use BGB as margin for coin-based futures and enjoy a fee discount of 15%.
- Traders can use Bitget tokens to gain access to potential partnership opportunities and take advantage of some Launchpad features.
The Bitget team has ambitious plans for the BGB token and says it will become the backbone of a seamless Web3 ecosystem of community tokens, NFTs, DeFi applications, etc. held by all users.
If you are planning to become a BGB holder or want to know more about the token, we will cover the benefits, use cases, token economics, and price performance analysis of the BGB token in the BGB Token Review.
How to register a Bitget exchange account?
Visit the Bitget official website and click on the “Register” option.
Provide your email address or phone number and set a password for your new Bitget account to get started.
You will receive an email or SMS with a verification code. Use the code to verify your account.
Once logged in, click on your profile icon in the upper right corner of the homepage and select “Authentication” from the drop-down options.
On the Identity Verification page, select the Personal Verification option and provide the necessary details required for your country.
We recommend that you complete identity verification, which will unlock more features and enhance your trading experience on the platform. You will need to provide the following information.
Congratulations! You have successfully registered on Bitget Exchange and can now deposit and start trading.
Steps to Buy Altcoins in Malaysia
1. Top-up funds
Place your order for Bitget Token (BGB) via any of the payment methods provided.
Credit/Debit Card: If you need to use Visa/MasterCard, please select Credit/Debit Card and click "Add New Card" in the "Quick Buy Coins" option.
Select your preferred fiat currency, enter the amount, link your credit card, and complete your payment with zero fees.
2. Track Bitget Token in your Bitget spot account
If you choose to purchase Bitget Token on Bitget, your Bitget Token will be immediately deposited into your Bitget spot account after payment is completed. You can view your assets by clicking "Asset Overview" on the top right of the page. In addition, you can also purchase, recharge, exchange, trade and withdraw assets.
Common Bitget Exchange Questions and Answers
Is Bitget a scam?
According to reports and operating records of Bitget since its establishment, there is no evidence that the Bitget exchange is a scam, and there have been no security incidents such as hackers stealing coins. Therefore, it can be said that Bitget is a relatively safe virtual currency exchange.
Can you really make money by copy trading on Bitget?
According to the survey, in Bitget's copy trading, the ratio of honest traders and cheating traders is about 50-50. To find a non-cheating trader, you need to focus on two aspects: maximum retracement rate and historical orders.
The smaller the maximum drawdown, the better;
If there are a large number of orders of the same currency at similar prices in the historical orders of the trader, then this may indicate that the trader is cheating and it is best not to follow his trades.
By strictly following the above two points, you can filter out most of the cheating traders. When you start copy trading, only use positions that you can afford to lose and set strict stop losses. If you can follow these two points, most users will be able to make money in Bitget's copy trading.
Conclusion: Is Bitget a reliable trading platform?
Bitget is a reliable trading platform. First of all, Bitget is Messi's only partner in the crypto field. Secondly, Bitget took the lead in launching a protection fund to ensure that users' assets are protected in the event of any accident, and Bitget promises to maintain the value of the fund at more than $300 million in the next three years. The latest data shows that the size of Bitget's protection fund continues to remain above $330 million. In addition, Bitget has also launched a reserve certificate. According to the latest data, Bitget's comprehensive reserve rate is 207%, of which the reserve rates of BTC, ETH, USDT and USDC are 423%, 144%, 132% and 2052% respectively.
